The real, meaning 'royal, was first introduced by Portugese settlers and became Brazil's official currency in 1690. It was not sub-divided in smaller units. The modern real (plural reais) was introduced on July 1, 1994.

The Pakistani rupee was put into circulation after the country became independent from the British Raj in 1947. The issuance of the currency is controlled by the State Bank of Pakistan. In Pakistan, the rupee is referred to as the 'rupees', 'rupaya' or 'rupaye'.